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Finance and Treasury <br /> DATE: 2/5/2024 <br /> MEMO: <br /> TO: Honorable Mayor Moore Wolfe and <br /> City Council Members <br /> FROM: Scot Wrighton,City Manager <br /> Ruby F.James,City Treasurer&Chief Financial Officer <br /> SUBJECT: Budget Reconciliation Ordinance Appropriating Additional Monies for the Purpose of Defraying the Expenses for <br /> Certain Funds of the City of Decatur,Illinois for the Fiscal Year Ending December 31,2023 <br /> SUMMARY RECOMMENDATION: <br /> City staff recommends City Council approval of the attached Ordinance to further amend the FY2023 budget and other financial <br /> documents related to the fiscal year ending December 31,2023. <br /> BACKGROUND: This action effectively amends the Budget Reconciliation ordinance for FY2023 adopted by the City Council <br /> in December.There have not been major changes in city operations or budgeting practices. This ordinance is requested for two <br /> major reasons: 1)switching auditors has resulted in changes to how expenses are charged to the city's general ledger and tracked-- <br /> which is normal;and 2)it is more transparent,and a better accounting practice,to report budget changes by department in the <br /> General Fund,rather than just by entire fund(this administrative reporting change was made in 2023). This will close-out 2023 <br /> and enable the city's external auditors to begin their review work in earnest. <br /> POTENTIAL OBJECTIONS: None anticipated <br /> STAFF REFERENCE: Scot Wrighton,City Manager Ruby F. James,City Treasurer&Chief Financial Officer Anthony Cooling, <br /> Budget and Revenue Officer <br /> BUDGET/TIME IMPLICATIONS: <br /> Approval of this ordinance will allow the City to secure appropriation spending authority for the full fiscal year expenditures for <br /> the funds identified in this ordinance. <br /> ATTACHMENTS: <br /> Description Type <br /> Cover Memo Cover Memo <br /> Ordinance Cover Memo <br />